PPL Corporation Stock Forecast
Green day on Friday for PPL Corporation stock after gaining 0.609%
(Updated on May 03, 2024)
The PPL Corporation stock price gained 0.609% on the last trading day (Friday, 3rd May 2024), rising from $27.92 to $28.09. During the last trading day the stock fluctuated 1.35% from a day low at $27.82 to a day high of $28.19. The price has been going up and down for this period, and there has been a 3.96% gain for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 4 million shares were bought and sold for approximately $102.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $27.94, a level that may pose a second chance to hit a runner. According to fan-theory $29.58 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PPL Signals & Forecast
Mostly positive signals in the chart today. The PPL Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.62 and $27.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for PPL Corporation stock
PPL Corporation finds support from accumulated volume at $27.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.375 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: $26.98 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (PPL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect PPL Corporation to open at $28.03, and during the day (based on 14 day Average True Range), to move between $27.62 and $28.56, which gives a possible trading interval of +/-$0.472 (+/-1.68%) up or down from last closing price. If PPL Corporation takes out the full calculated possible swing range there will be an estimated 3.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $27.53, some $0.560 (1.99%) from the current price of $28.09, our system finds the risk reward attractive.
Is PPL Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for PPL Corporation stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 4.538 Buy Candidate Unchanged
Predicted Opening Price for PPL Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $28.03 ( 0.208%) | $28.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.41 | 1.13 % | |
| R2 | 28.26 | 0.617 % | ||
| R1 | 28.17 | 0.302 % | ||
| Current price: | 28.09 | |||
| Support | S1 | 27.89 | -0.718 % | |
| S2 | 27.80 | -1.03 % | ||
| S3 | 27.66 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 28.09 | |||
| Support | S1 | 27.53 | -1.99% | |
| S2 | 26.64 | -5.16% | ||
| S3 | 26.05 | -7.26% |
PPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 07, 2024 | $0 | 0% |
| 2 | Nov 17, 2023 | Dec 07, 2023 | Jan 02, 2024 | $0.240 | 0.87% |
| 3 | Aug 25, 2023 | Sep 07, 2023 | Oct 02, 2023 | $0.240 | 1.06% |
| 4 | May 17, 2023 | Jun 08, 2023 | Jul 03, 2023 | $0.240 | 0.90% |
| 5 | Feb 17, 2023 | Mar 09, 2023 | Apr 03, 2023 | $0.240 | 0.87% |
FAQ
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